South African billionaire Zak Calisto's Cartrack fined R5 million
Cartrack, the vehicle tracking company founded by billionaire Zak Calisto, has agreed to pay a R5 million fine and refund over R5.1 million to customers.
Zak Calisto
Billionaire Zak Calisto's Karooooo crosses two million subscribers in South Africa with Cartrack
Cartrack has crossed two million active subscribers in South Africa, a milestone for billionaire Zak Calisto's global tracking giant.
South African billionaire Zak Calisto gets regulatory green light to take joint control of King Price Insurance
South Africa's Competition Commission has backed Zak Calisto's bid to take joint control of King Price Insurance without conditions.
Tech billionaire Zak Calisto moves into insurance with planned stake in King Price
Competition regulators recommended approval of a deal tied to billionaire Zak Calisto to acquire a stake in King Price, the fast growing insurer.
Zak Calisto’s Karooooo makes Singapore fast growth list as Cartrack scales globally
Karooooo, led by Zak Calisto, earned a spot on Singapore’s 2026 fast growth list as Cartrack’s fleet platform expands across markets.
South African billionaire Zak Calisto's Karooooo posts $86.1 million in quarterly revenue
Karooooo Says Cartrack Growth Picked Up in Q3 as Recurring Revenue Jumps and Subscriber Adds Hit Record
South African billionaire Zak Calisto’s Karooooo drops below $1.5 billion
Karooooo shares fall 16 percent as investors take profits, cutting South African billionaire Zak Calisto’s stake to $847 million.
South African billionaire Zak Calisto’s Karooooo posts $20.5 million profit in Q2 as subscriptions jump 20%
Calisto says subscription revenue growth accelerated to 20%, supported by strong unit economics and a clean balance sheet.
South African tech tycoon Zak Calisto’s Karooooo stake rebounds above $1 billion
South African tech billionaire Zak Calisto’s Karooooo holding tops $1 billion after a stock surge and robust earnings.
Five new African billionaires have emerged so far in 2025
Five new billionaires join Africa’s top ranks in 2025, led by gains in real estate, banking, and tech sectors.
South African billionaire Zak Calisto to pocket $22 million in Karooooo dividends
Karooooo’s latest dividend will hand its billionaire founder a pre-tax windfall of more than $22-million.
South African billionaire Zak Calisto’s Karooooo to pay $38.6 million dividend to shareholders
Karooooo, led by Zak Calisto, approves $38.6 million dividend as revenue surges, fueled by Cartrack subscriptions and logistics growth in early FY 2026.
South Africa’s newest billionaire Zak Calisto leads Karooooo to $72 million in Q1 revenue
Zak Calisto leads Karooooo to $72 million in Q1 revenue, driven by Cartrack’s SaaS growth and Southeast Asia expansion.
Africa’s newest billionaire Zak Calisto sells Karooooo shares worth $75 million
Zak Calisto sells $75 million in Karooooo shares to boost stock liquidity and diversify holdings, retaining majority control under governance pact.
Africa’s newest billionaire Zak Calisto gains $115 million from Karooooo’s stake
Zak Calisto’s Karooooo stake rises to $1.17 billion, gaining $115 million as SaaS growth drives revenue and user expansion across 23 countries.
Zak Calisto joins African billionaire ranks after Karooooo stake tops $1 billion
His controlling stake in Karooooo has surpassed the $1 billion mark, a milestone first reported by Billionaires.Africa.